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The North America ATV And UTV Market size is estimated at USD 9.18 billion in 2024, and is expected to reach USD 13.37 billion by 2029, growing at a CAGR of 7.80% during the forecast period (2024-2029).
The North American ATV and UTV market is dominated by several key players, including Polaris Industries Inc., American Honda Motor Co. Inc., BRP Inc., Arctic Cat, and Yamaha Motor Co. Ltd. Most companies are expanding their presence by backward integration.
The Global ATV and UTV Market size is expected to reach $17.6 billion by 2030, rising at a market growth of 7.6% CAGR during the forecast period. ATVs and UTVs are becoming increasingly popular for military operations, including troop transportation, and driving across challenging terrain.
- 2022
- USD 17.6 Billion
- 2019 to 2021
- USD 9.9 Billion
This report lists the top North America ATV And UTV companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the North America ATV And UTV industry.
North America ATV and UTV Market Outlook. The North America ATV and UTV market size reached nearly USD 9.34 billion in 2023. The market is projected to grow at a CAGR of 6.7% between 2024 and 2032, reaching almost USD 16.91 billion by 2032. Key Takeaways: ATVs are expected to constitute a major portion of the North America ATV and UTV market share.
Jan 23, 2024 · Polaris is market leader. ATV and RUV Global Market Trend. While 2023 data collection is still in place, based on the first 11 months figures we can anticipate the first balance as far as the global powersport (UTV and SSV) market trend.
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Market Overview. The global ATV and UTV Market size was valued at USD 16.21 billion in 2022, and is projected to reach USD 29.23 billion by 2030, with a CAGR of 6.8% from 2023 to 2030. ATV, known as All-Terrain Vehicle, is a motorized off-road vehicle for recreational and utility purposes.